Sherbrooke Park Advisers LLC Decreases Stock Holdings in Olo Inc. (NYSE:OLO)

Sherbrooke Park Advisers LLC lowered its stake in Olo Inc. (NYSE:OLO - Free Report) by 65.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,681 shares of the company's stock after selling 49,193 shares during the period. Sherbrooke Park Advisers LLC's holdings in OLO were worth $197,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Tandem Financial LLC bought a new position in shares of OLO during the fourth quarter valued at about $26,000. Global Retirement Partners LLC purchased a new stake in OLO in the fourth quarter worth $27,000. SBI Securities Co. Ltd. bought a new stake in shares of OLO during the 4th quarter valued at about $35,000. Envestnet Asset Management Inc. purchased a new position in shares of OLO during the fourth quarter valued at about $80,000. Finally, Franklin Resources Inc. purchased a new position in shares of OLO during the 4th quarter worth approximately $81,000. Hedge funds and other institutional investors own 93.40% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on OLO. Wall Street Zen upgraded OLO from a "hold" rating to a "buy" rating in a research note on Thursday. Lake Street Capital raised their price objective on OLO from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Friday, May 9th.

OLO Stock Performance

Shares of OLO stock traded down $0.06 during midday trading on Monday, hitting $8.74. The company had a trading volume of 990,053 shares, compared to its average volume of 1,251,675. Olo Inc. has a 52-week low of $4.20 and a 52-week high of $9.78. The stock has a market capitalization of $1.45 billion, a P/E ratio of -87.39 and a beta of 1.41. The company has a 50 day moving average of $6.96 and a 200 day moving average of $7.10.

OLO (NYSE:OLO - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. OLO had a positive return on equity of 0.34% and a negative net margin of 5.89%. The business had revenue of $80.68 million for the quarter, compared to the consensus estimate of $77.47 million. During the same period in the previous year, the company posted $0.05 earnings per share. The company's revenue for the quarter was up 21.3% compared to the same quarter last year. Equities research analysts forecast that Olo Inc. will post -0.03 EPS for the current year.

OLO Profile

Olo, Inc engages in the provision of a cloud-based, on-demand commerce platform for multi-location restaurant brands. It enables digital ordering and delivery. The company was founded by Noah H. Glass on June 1, 2005 and is headquartered in New York, NY.